SMEs upbeat and hopeful of new govt.

Sri Lankan SMEs have strong, newfound hope on the incoming new administration for their long overdue revival, a statement by a trade chamber representing the country’s small and medium business said.

“We are certain President Gotabaya Rajapaksa will listen to our concerns and deliver within the next five years,” Confederation of Micro, Small and Medium Industries (COSMI) President Nawaz Rajabdeen said.

Rajabdeen, who is also a past President of Federation of Chamber of Commerce & Industry of Sri Lanka,was speaking on the outlook for local MSMEs and industries after the landslide victory by Sri Lanka Podujana Peramuna (SLPP) and its allies in the recently concluded general elections. 

Rajabdeen stressed that he expects President Rajapaksa would receive the necessary backing from the newly elected Parliament to develop MSMEs, industries and business communities across the country. 

“We are sure the President together with the new parliament will support all citizens regardless of their castes and religions. His support to uplift and upgrade industries in all districts is the next viable step. We are certain President Rajapaksa will listen to our concerns and deliver within the next five years. We are hopeful on the new government on pursuing a medium to long term development strategy for our MSMEs and industries,” added Rajabdeen.